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Jan 24, 2013
01/13
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FBC
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not going to keep raising the debt ceiling at indicating that there will be steep cuts said. what is the chance of that? >> well, i hope the is right, but i fear he is wrong. i think that the current mood of the country is more sympathetic to the president and the democrats' perspective, which is that we don't really have a serious spending problem. we have a minor spending problem we can do with a little bit. we can raise taxes on high-income households a little bit more and we don't have to make fundamental cuts in entitlements. i think that's wrong. i think we have to make substantial cuts in entitlements. we should make substantial cuts in many other components of expenditure as well, defense and nondefense in that trying to address our long term fiscal situation with higher taxes is is going to destroy the economy. gerri: democrats are beating the drum on this already. anyone you listen to from that side of the house is really talking about higher taxes. republicans and conservatives in general like to talk about the power of economic growth. could robust growth that a l
not going to keep raising the debt ceiling at indicating that there will be steep cuts said. what is the chance of that? >> well, i hope the is right, but i fear he is wrong. i think that the current mood of the country is more sympathetic to the president and the democrats' perspective, which is that we don't really have a serious spending problem. we have a minor spending problem we can do with a little bit. we can raise taxes on high-income households a little bit more and we don't...
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Jan 26, 2013
01/13
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MSNBC
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we've got sequestration coming, we've got the debt ceiling coming again we have to deal with in may. your article, this is a heck of a title, once unthinkable severe spending cuts now seem plausible, how so? >> t.j., what we saw in the congress was a few years ago they put together such big budget cuts, $1.2 trillion in cuts split 50-50 between military spending and domestic spending. and those were so big that everybody agreed at the time that there was no way we would do kind of this across the board budget ax. we're going to come back, we're going to rethink this and we're going to try to get those savings in a more -- in a smarter way. and that hope as it were is pretty much shot now when you talk to the republicans and democrats in the congress. republicans believe many of the deficit hawks out there believe this is the best chance they have for cutting spending. it's going to become law on march 1st. it's already on the way to taking effect. and democrats are happy to replace some of those cuts, particularly in the military side, but they want to do it with tax increases which
we've got sequestration coming, we've got the debt ceiling coming again we have to deal with in may. your article, this is a heck of a title, once unthinkable severe spending cuts now seem plausible, how so? >> t.j., what we saw in the congress was a few years ago they put together such big budget cuts, $1.2 trillion in cuts split 50-50 between military spending and domestic spending. and those were so big that everybody agreed at the time that there was no way we would do kind of this...
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Jan 24, 2013
01/13
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FOXNEWS
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i haven't heard anything from s&p or moodies who say we want the debt ceiling to go higher. everybody watching this show who has cut back 0, government has to learn how to do the same thing. it's cowardly in washington to continue to hide behind the notion that we're going to collapse overnight as a nation if we don't keep spending ourselves to death. >> i agree. congressmen have basically sent a message that today is not the day we're going to stop spending our children's and grandchildren's money, and charles is exactly right. the reason why our credit got downgraded is because of our out of control spending and out of control debt. the fiscal cliff deal even we just witnessed, it's such -- added four trillion dollars to our deficit over the next ten years. so, congress is not serious about reigning in spending and that's exactly when the we need to too. >> but they're not doing it. >> they're not doing it. and it neils hunky dorie. that's just it. >> the markets aren't. >> the markets are hunky doory for a few reasons. it's pause of the global economy. markets went up and
i haven't heard anything from s&p or moodies who say we want the debt ceiling to go higher. everybody watching this show who has cut back 0, government has to learn how to do the same thing. it's cowardly in washington to continue to hide behind the notion that we're going to collapse overnight as a nation if we don't keep spending ourselves to death. >> i agree. congressmen have basically sent a message that today is not the day we're going to stop spending our children's and...
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Jan 25, 2013
01/13
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MSNBC
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ceiling and impose budgets that cut the government 40% in ten years, the idea behind those crisis mongers is that we have to slash the heck out of social insurance, out of programs that provide educational opportunities for poor people, out of things that push back against economic inequality. we can't afford it. we must cut them. the crisis dictates it. if there is no crisis and, as krugman and i argue, there is no crisis, if there is no crisis, they're just out there in nowhere land by themselves, by the way, without the majority of the electorate behind them. >> very briefly, jared, if you can, eric cantor says taxes are done, no taxes, so i guess another stalemate to come on that? >> i see -- it's hard to see how the budget that's going to come out of the senate, and i think patty murray is going to do a very good job on that, is going to reconcile with the kind of budgets we're looking at. >> jared bernstein who absolutely deserves the nobel peace prize, thank you, sir, thank you for joining us. and we'll be right back. ♪ alright, let's go. ♪ shimmy, shimmy chocolate. ♪ shimmy,
ceiling and impose budgets that cut the government 40% in ten years, the idea behind those crisis mongers is that we have to slash the heck out of social insurance, out of programs that provide educational opportunities for poor people, out of things that push back against economic inequality. we can't afford it. we must cut them. the crisis dictates it. if there is no crisis and, as krugman and i argue, there is no crisis, if there is no crisis, they're just out there in nowhere land by...
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Jan 25, 2013
01/13
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KQEH
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after monday as we start to move toward debt ceiling conversation and spending cuts get placed on the table, the poor are likely to take it on the chin, and that is why we are having this conversation live on c-span. our web site is a futurewithoutpoverty.com. have we lowered our expectations? i wonder what we say to fellow citizens who have lowered expectations. there is always a debate about what the proper role of government ought to be, and i suspect we are going to get into more conversation over the coming days as to what the role of government should be, what are our expectations, are they too low, and some people will say they are too high. talk about expectations. what do we have a right to expect in the richest nation in the world? >> i think it is important about what should be done, it is not theory. it is actually being done in countries around the world with demonstrated, of proven results, so every child in many countries of europe start out with preschool, and the results are unlike this country there is not hereditary problems. if is proven. what you're saying about t
after monday as we start to move toward debt ceiling conversation and spending cuts get placed on the table, the poor are likely to take it on the chin, and that is why we are having this conversation live on c-span. our web site is a futurewithoutpoverty.com. have we lowered our expectations? i wonder what we say to fellow citizens who have lowered expectations. there is always a debate about what the proper role of government ought to be, and i suspect we are going to get into more...
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Jan 27, 2013
01/13
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MSNBCW
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for every dollar increase in this debt ceiling we have to have a dollar in cuts to match that. the president said earlier this month, i'm not doing that anymore. we are not going to keep negotiating over the debt ceiling. this is our obligation over. the republicans have conceded the president had won the argument and are now -- this week they ebb extended the debt ceiling with no accompanied spending cuts. the republicans will cede that issue to him. >> your latest article, mitt romney i'm not going away. tell me. >> certainly was a little different. he came in to toub this weekend for the alfalfa dinner. we hadn't seen a lot from mitt romney since he lost in november. he to told donors that it was purposeful. he is not going anywhere. he will be active in 2013 and 2014s and in terms of 2016. although some sources said his personal ambition for public office are over. >> good to see you both today. thank you so much. >> thank you, t.j. >>> to the weather, the midwest is facing an ice threat. winter storm is dropping snow and freezing rain expected to bring icy conditions. powe
for every dollar increase in this debt ceiling we have to have a dollar in cuts to match that. the president said earlier this month, i'm not doing that anymore. we are not going to keep negotiating over the debt ceiling. this is our obligation over. the republicans have conceded the president had won the argument and are now -- this week they ebb extended the debt ceiling with no accompanied spending cuts. the republicans will cede that issue to him. >> your latest article, mitt romney...
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Jan 29, 2013
01/13
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CNBC
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eventually we'll have to deal with spending cuts and the debt ceiling debate. whether or not that's it. for the meantime, the markets run a long time just because they are soaking up all the stimulus from the fed. >> a lot of stimulus from the other central banks cutting trase today. greg, you want to get in front of this train and fight the fed? >> yeah, i think that the fed is going to continue pushing pretty hard this year but equity investors have to take a look at what's in the fed's tool backs and realize they have shot every arrow that they have got. they will keep gig qe this year, maybe another $1 trillion but even inside the fed there's doubts about how much more effective will be at this stage, what, with long-term interest rates as low as they are. tomorrow i don't expect any fireworks from them. i'll be interested to see how they characterize the economy, whether they are getting more comfortable with it now that we have the biggest piece of the fiscal cliff out of the way or whether they are still concerned that employment is sluggish an inflation
eventually we'll have to deal with spending cuts and the debt ceiling debate. whether or not that's it. for the meantime, the markets run a long time just because they are soaking up all the stimulus from the fed. >> a lot of stimulus from the other central banks cutting trase today. greg, you want to get in front of this train and fight the fed? >> yeah, i think that the fed is going to continue pushing pretty hard this year but equity investors have to take a look at what's in the...
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Jan 31, 2013
01/13
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MSNBCW
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wall street probably couldn't care less what washington does with the debt ceiling and cuts and things like that as long as they know what washington will be doing over the next 12 months, 24 months, and this is pie in the sky, it will never happen, 36 months. >> how about that? so, jared, mitch mcconnell was on the floor of the senate on wednesday, and he said it's actually not new revenue that we need, that it's cutting government waste as we've been talking about. >> right. >> let's listen to a few highlights. >> -- on pig manure. if they demand a one or fun ratio between tax increases and pig manure cuts, then there's really no hope of ever putting our country back on the path to prosperity. >> now, start with you, jared. correct me if i'm wrong, but isn't pig mature what paul ryan is actually trying to cut entitlements unless that's their word for entitlements? >> you know, there is no line in the government budget for waste, fraud, and abuse, although these guys pretend there is. when they talk about things like that, they don't know what they're talking about. during the recover
wall street probably couldn't care less what washington does with the debt ceiling and cuts and things like that as long as they know what washington will be doing over the next 12 months, 24 months, and this is pie in the sky, it will never happen, 36 months. >> how about that? so, jared, mitch mcconnell was on the floor of the senate on wednesday, and he said it's actually not new revenue that we need, that it's cutting government waste as we've been talking about. >> right....
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Jan 31, 2013
01/13
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FOXNEWS
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ceiling until may 19, but the senate now has to come up with a budget. this is the time for lawmakers to find these important spending cuts, making the reforms we need and in the entitlement programs and cutting inappropriate and wasteful federal spending. >> thank you very much. >> thank you. >> so from funding pig manure to putting lipstick on a pig. we showed you how the mainstream print media was portraying the awful gdp report, showing the first contraction in three and a half years. >> what you had was a parade thrown by all of these democrats and jay carney and nancy pelosi. woo-hoo, raise the roof. negative growth. what -- >> they blame the house. the reason for the negative growth was obstruction in the g.o.p. driven house. >> yeah, that's right, and of course, nancy pelosi, harry reid who is wagging his finger and telling people, don't bad-mouth it. that ways the exact quote he used. and unfortunately there are too many of these manystream media types who are falling right in line. it was a stunning drop. s-h-h-h. >> we also pointed out we read
ceiling until may 19, but the senate now has to come up with a budget. this is the time for lawmakers to find these important spending cuts, making the reforms we need and in the entitlement programs and cutting inappropriate and wasteful federal spending. >> thank you very much. >> thank you. >> so from funding pig manure to putting lipstick on a pig. we showed you how the mainstream print media was portraying the awful gdp report, showing the first contraction in three and a...
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Jan 26, 2013
01/13
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FOXNEWSW
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look at sequestration and the spending cuts and the debt ceiling we believe it is all a dog and pony show. there is really not going to get cut, only get large. >>> he never spoke at the inaugural address about balancing the budgets and living within our means and making difficult choices. just the opposite. he seems to want to lock in this permanent welfare dependency mentality in the country which pretty much guarantees america becomess. >> you have this philosophical id long-timal mentality. what we like to think of unfortunately is that politics in washington is a little bit now like professional wrestling okay. there is this demonstration going on but it is kind of scripted and it doesn't really get to the full truth of what is going on. >> sean: there are two other issues we haven't dealt with yet. one is the media. they are not doing specials on this. number two, american people you know what, i don't know if they are either aware or they don't care. you want to weigh in here but the bottom line is they voted in obama. i got chris matthews all mad, he didn't get a tingle up hi
look at sequestration and the spending cuts and the debt ceiling we believe it is all a dog and pony show. there is really not going to get cut, only get large. >>> he never spoke at the inaugural address about balancing the budgets and living within our means and making difficult choices. just the opposite. he seems to want to lock in this permanent welfare dependency mentality in the country which pretty much guarantees america becomess. >> you have this philosophical id...
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Jan 24, 2013
01/13
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MSNBCW
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no budget, no pay. >> in the spotlight tonight, debt ceiling magic. that was house speaker john boehner after the house passed a bill making the debt ceiling disappear until may 18th, without cutting any federal spending. the stupidly named and conceived "no budget, no pay act" passed with a vote. 33 republicans voted against the bill, 199 voted for it. 86 democrats voted for the bill, 111 democrats voted against it. not only will the no budget, no pay act suspend the debt ceiling for about three months, it also requires the house and senate to pass budget resolutions by april 15th, and if they don't, representatives and senators will not get paid, which is of course, wildly unconstitutional. the 27th amendment prohibits congress from modifying their own paychecks in any way. they can vote to change the pay for future congress only, but republicans passing an unconstitutional bill, while at the same time relieving the pressure on the debt ceiling was welcomed by some democrats as republicans moving from out-right crazy to half-crazy. >> i'm not sure w
no budget, no pay. >> in the spotlight tonight, debt ceiling magic. that was house speaker john boehner after the house passed a bill making the debt ceiling disappear until may 18th, without cutting any federal spending. the stupidly named and conceived "no budget, no pay act" passed with a vote. 33 republicans voted against the bill, 199 voted for it. 86 democrats voted for the bill, 111 democrats voted against it. not only will the no budget, no pay act suspend the debt...
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Jan 27, 2013
01/13
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WJLA
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mjmj lee do u think is punting cutting off discussion on the debt ceiling? >> one thing is for sure, republicans no longer have the debt ceiling to use as a maneuver they y have to get thingss they what in terms of spending cuts and other things they were hoping to g from democrcrats. at this point we are l looking at the sequester that is coming up in march, the deadline e that is also coming up later in the month -- >> government shutdown if we don't get it done. >> absolutely. the house and senate have to put out a budget resolution, and we don't know how bad is going to gogo --htt is going tgo. >> peter, why d did the publicans ive up the debt ceiling as a weapon? >> i t think thihis is the gop's new sortf game plan. even until recently, republican lawmakers were adamant that any increase in the debt ceiling had to come with matching spending cuts. at one point, they decided t this is not something we are going for any more, and wewe will get what we want to it with the otother battles comingng up, we will makeke a small cononcession when it comes to the
mjmj lee do u think is punting cutting off discussion on the debt ceiling? >> one thing is for sure, republicans no longer have the debt ceiling to use as a maneuver they y have to get thingss they what in terms of spending cuts and other things they were hoping to g from democrcrats. at this point we are l looking at the sequester that is coming up in march, the deadline e that is also coming up later in the month -- >> government shutdown if we don't get it done. >>...
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520
Jan 27, 2013
01/13
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CNN
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congress voted to suspend the debt ceiling for three months and figure out deeper cuts to reduce the deficit. that keeps me employed for a few more months. but even before that deadline hits, again, march 1st will be on us. the so-called sequester deadline. that's a stupid washington name for a stupid and dangerous washington creation. the automatic across the board spending cuts. and then there's another date to worry about, april 15th. not just tax filing day, but the date by which congress has promised to adopt a budget resolution. they've even this time staked their pay on it, agreeing to reach a deal or face suspension of their paychecks until they reach a deal. that might just be enough of a carrot to present a budget that takes on our ballooning deficit. but the battle over that deficit make that recent battle over tax hikes for the rich seem like a friendly game of badminton. big spending cuts are needed and they will hit americans where it hurts. health care, medicare, social security. president obama emboldened by his re-election has already drawn his so-called line in the
congress voted to suspend the debt ceiling for three months and figure out deeper cuts to reduce the deficit. that keeps me employed for a few more months. but even before that deadline hits, again, march 1st will be on us. the so-called sequester deadline. that's a stupid washington name for a stupid and dangerous washington creation. the automatic across the board spending cuts. and then there's another date to worry about, april 15th. not just tax filing day, but the date by which congress...
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Jan 26, 2013
01/13
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MSNBC
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now that the debt ceiling is gone, that has become their plan a, the best shot at getting spending cuts. the problem is that their plan a has the most boring name of really any policy in washington, the sequester. but you need to know about it to follow what is going to happen in the next couple of months in d.c. i am not going to use the "s" word, i'm going to call it big, dumb, very, very liberal, friendly spending cuts. but before we rename it you need to hear our speaker, john boehner on the subject. >> the deadline, obviously, is the sequester, have you had any conversation with the president or harry reid about that so far? >> i have not. the sequester is going to go into effect on march first unless there are cuts and reforms to get us on a plan to balance the budget in the next ten years, it is as simple as that. >> mr. boehner told the board that the sequester is as much leverage as we're going to get, quote. he meant it to sound reassuring to conservatives, like that is fine, we don't need the debt ceiling, we have the big spending cuts, democrats will never allow those. i can
now that the debt ceiling is gone, that has become their plan a, the best shot at getting spending cuts. the problem is that their plan a has the most boring name of really any policy in washington, the sequester. but you need to know about it to follow what is going to happen in the next couple of months in d.c. i am not going to use the "s" word, i'm going to call it big, dumb, very, very liberal, friendly spending cuts. but before we rename it you need to hear our speaker, john...
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Jan 28, 2013
01/13
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FOXNEWS
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that would pay for the last debt ceiling increase. >> the looming deadline is march 1. deputy defense secretary ash carter warned friday that the pentagon's $800,000 civilian employees will face furloughs. and reduce paychecks starting in april, if sequestration is not avoided. pentagon is now planning to eliminate 46,000 temporary civilian workers as a result of these imminent budget cuts. >> i got a perfect storm coming up in the next few months. we have this whole crazy mechanism called sequester. that means $1 trillion will be cut across the board. $500 billion out of defense. across the board. >> in a meat ax approach that will hollow out the force if it happens. >> one of the nation's largest defense contractors general dynamics based in false church virginia reported $2 billion in losses. blaming the upcoming defense cuts. the aerospace industry association estimates that $450,000 jobs will be lost in virginia, maryland and washington, d.c. if dequest ration cuts take place in march, which could be devastating to the local economy. >> we are talking about somethi
that would pay for the last debt ceiling increase. >> the looming deadline is march 1. deputy defense secretary ash carter warned friday that the pentagon's $800,000 civilian employees will face furloughs. and reduce paychecks starting in april, if sequestration is not avoided. pentagon is now planning to eliminate 46,000 temporary civilian workers as a result of these imminent budget cuts. >> i got a perfect storm coming up in the next few months. we have this whole crazy mechanism...
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Jan 24, 2013
01/13
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MSNBCW
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for spending cuts for every dollar in debt ceiling raised. that is not what you got this time. and you have put the focus on senate democrats, a political tactic, perhaps a very successful one. but is that really a tactical retreat? >> i don't think so at all, chuck. and i was curious to hear steny's comments about this being a gimmick. 86 democrats supported the bill that we had on the floor yesterday, the no budget, no pay, so clearly they didn't think it was a gimmick. this was a bipartisan effort. look, if you look at the goal, we've got to get our fiscal house in order, we've got to balance the budget, and in order to do that, the senate actually has to produce a budget, which they haven't done in nearly four years. the house has had budgets for each of the last two years that actually get to balance. so what we did, in this bill, is to say to the senate, look, you've got to do a budget. families do budgets, businesses do budgets, employers do budgets. the senate has not done a budget in nearly four years, so this is the challenge for th
for spending cuts for every dollar in debt ceiling raised. that is not what you got this time. and you have put the focus on senate democrats, a political tactic, perhaps a very successful one. but is that really a tactical retreat? >> i don't think so at all, chuck. and i was curious to hear steny's comments about this being a gimmick. 86 democrats supported the bill that we had on the floor yesterday, the no budget, no pay, so clearly they didn't think it was a gimmick. this was a...
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Jan 26, 2013
01/13
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FOXNEWS
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when you look at sequestration, the budget, the spending cuts and the debt ceiling, we believe it's a dog-and-pony show. it is not going to get cut, it's only going to get larger. >> he never spoke about the budgets, living within our means, making difficult choices, just the opposite. he seems to want to lock in this permanent welfare, dependency mentality and state which now is in the country, which pretty much guarantees that america becomes greece. >> there is no question, you have a philosophical, ideological commitment to growing government. and you have the sad reality that there are a lot of go-long to get long governments. politics in washington is like professional wrestling. okay? there is this demonstration going on, but it's kind of scripted. it doesn't rae really get to the full truth of what is going on. >> there are two other issues we haven't dealt with yet. one is the media -- they are not doing specials on this. the american people -- you know what? i don't know if they are aware or they don't care -- you want to weigh in here. but the bottom line is, they voted in
when you look at sequestration, the budget, the spending cuts and the debt ceiling, we believe it's a dog-and-pony show. it is not going to get cut, it's only going to get larger. >> he never spoke about the budgets, living within our means, making difficult choices, just the opposite. he seems to want to lock in this permanent welfare, dependency mentality and state which now is in the country, which pretty much guarantees that america becomes greece. >> there is no question, you...
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Jan 31, 2013
01/13
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FOXNEWS
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he neglects to include that both democrats and republicans agreed to that 2011 debt ceiling with that set in motion, more than $500 billion in defense cuttings and whatever. it's the selective mind of everybody, you know, this is -- this is you know, if the defense -- if the -- if the defense cuts are contributing to this, or anything, have you to look at the fact who, agreed to it. it was both parties. >> you are absolutely right. also, i think that -- mr. carney needs to understand that the whole term of sequester emanated out of the white house. and so, we have to start sitting down and saying, look, the direction we are going is not right. what do we need do as far as the personal income tax rate so we can stimulate growth, especially for the small businesses, sub-chapter "s." we saw an incredible selloff in december because people were concerned about the increase in the dividend tax rate. we have to start looking at our regulatory policy. already being we have seen 5,700 pages of new regulations from the federal government. that's going to affect the growth of this economy. we h
he neglects to include that both democrats and republicans agreed to that 2011 debt ceiling with that set in motion, more than $500 billion in defense cuttings and whatever. it's the selective mind of everybody, you know, this is -- this is you know, if the defense -- if the -- if the defense cuts are contributing to this, or anything, have you to look at the fact who, agreed to it. it was both parties. >> you are absolutely right. also, i think that -- mr. carney needs to understand that...
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Jan 27, 2013
01/13
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CSPAN
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[applause] the house will not consider another vote to increase the debt ceiling unless the senate passes a budget. we are going to point the country in the right direction. we are going to cut spending. [applause] it will be times when conservatives disagree on the way forward. we have never marched in lockstep. that is not what we do. and healthy debate is a good and needed thing. we can do that in private without doing it in public. we need to give an honest account of our actions and the reasons for that. we should challenge the left and not each other. our founders were men of prudence. take james madison. nowadays they call him the founder of the constitution. he lost some key governments -- arguments. he fought for plan to give the states the same number of states in the government. he wanted to give congress even more power. he wanted it to be able to veto state laws. madison argued vigorously for his side. when it came time to ratify the constitution, there was no greater advocate and james madison. he helped write editorials and called it the federalist papers. he led the charge
[applause] the house will not consider another vote to increase the debt ceiling unless the senate passes a budget. we are going to point the country in the right direction. we are going to cut spending. [applause] it will be times when conservatives disagree on the way forward. we have never marched in lockstep. that is not what we do. and healthy debate is a good and needed thing. we can do that in private without doing it in public. we need to give an honest account of our actions and the...
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Jan 31, 2013
01/13
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ceiling with that set in motion with more than $500 billion in defense cuts. it's a selective mind of everybody. this was -- if the defense cuts are contributing to this, or anything, you have to look at the fact who agreed to it. it was both parties. >> you are absolutely right. also, i think more carney needs to understand that the whole term of sequester emanated out of the white house. we have to start sitting down and saying the direction we are going is not right. what do we need to do as far as the personal income tax rate to stimulate growth especially sub chapter "s" corporations. what week do with dividend situation. people were concerned about the dividend tax rate. we need to look at regulatory policy. already we have seen 5700 pages of new regulations from the federal government. that is going effect this economy. we need the effective monetary policy also. >> those are the correct solutions. those are good ideas. we have real leadership where people are willing to rise above and sit down and see what works and what doesn't work. that is not what
ceiling with that set in motion with more than $500 billion in defense cuts. it's a selective mind of everybody. this was -- if the defense cuts are contributing to this, or anything, you have to look at the fact who agreed to it. it was both parties. >> you are absolutely right. also, i think more carney needs to understand that the whole term of sequester emanated out of the white house. we have to start sitting down and saying the direction we are going is not right. what do we need to...
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ceiling so that's not going to restrain us any more they're going to cancel all the spending cuts i'm afraid they're going to use the weaker fourth quarter g.d.p. as justification for cancelling the spending cuts and so the government going to keep on spending the fed is going to keep on printing the monetize the growing deficit and we're marching towards a real economic crisis the united states where the dollar is going to plunge and that's going to send prices and interest rates in america soaring there i want to ask you i want to point out this other justification that the white house is using the white house also blames superstorm sandy for shrinking the economy natural disasters as we now also are disastrous for the economy and also out of the government's hands. well look the government's going to blame everybody but themselves why doesn't the obama administration take a look in the mirror if they want to know why the economy is struggling and believe me it's going to get a lot worse because we still have all this money that we borrowed that we have to deal with always did durin
ceiling so that's not going to restrain us any more they're going to cancel all the spending cuts i'm afraid they're going to use the weaker fourth quarter g.d.p. as justification for cancelling the spending cuts and so the government going to keep on spending the fed is going to keep on printing the monetize the growing deficit and we're marching towards a real economic crisis the united states where the dollar is going to plunge and that's going to send prices and interest rates in america...
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Jan 27, 2013
01/13
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. >> reporter: there will be several skirmishes where the republicans can try out their focus, debt ceiling, and automatic spending cuts set to kick in august 1. but don't count on up compromise. >> we think the sequesters will happen. >> reporter: congressman paul ryan says he's not encouraged by president obama's words so far. >> i decided to not comment between the election and inauguration because i wanted to see what kind of president we're looking at, what kind of path he was putting his administration on. and all of the statements and all the comments lead me to believe he's thinking more of a political conquest than compromise. >> reporter: democrats have been talking the hard line on revenues and gun control. yet on immigration, there seems to be at least a small agreement. >> we are trying to work our way through some very difficult issues. but we are committed to a comprehensive approach to finally in this country have an immigration law that we can live with. >> it's my hope we'll come up with a bipartisan solution. i do think enforcement has to be a big part of it. but again, i
. >> reporter: there will be several skirmishes where the republicans can try out their focus, debt ceiling, and automatic spending cuts set to kick in august 1. but don't count on up compromise. >> we think the sequesters will happen. >> reporter: congressman paul ryan says he's not encouraged by president obama's words so far. >> i decided to not comment between the election and inauguration because i wanted to see what kind of president we're looking at, what kind of...